BRUNSWICK CORP
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
BC$78.42-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
Consolidated Balance Sheets
| As of December 31 | ||
|---|---|---|
| (in millions) | 2023 | 2022 |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents, at cost, which approximates fair value | $467.8 | $595.6 |
| Restricted cash | 11.1 | 12.9 |
| Short-term investments in marketable securities | 0.8 | 4.5 |
| Total cash and short-term investments in marketable securities | 479.7 | 613.0 |
| Accounts and notes receivable, less allowances of $10.8 and $10.2 | 493.2 | 543.0 |
| Inventories | ||
| Finished goods | 932.0 | 836.1 |
| Work-in-process | 181.6 | 209.1 |
| Raw materials | 363.2 | 426.2 |
| Net inventories | 1,476.8 | 1,471.4 |
| Prepaid expenses and other | 60.0 | 67.8 |
| Current assets | 2,509.7 | 2,695.2 |
| Property | ||
| Land | 44.1 | 42.4 |
| Buildings and improvements | 619.7 | 564.4 |
| Equipment | 1,551.5 | 1,488.1 |
| Total land, buildings and improvements and equipment | 2,215.3 | 2,094.9 |
| Accumulated depreciation | (1,135.5) | (1,051.4) |
| Net land, buildings and improvements and equipment | 1,079.8 | 1,043.5 |
| Unamortized product tooling costs | 236.0 | 227.3 |
| Net property | 1,315.8 | 1,270.8 |
| Other assets | ||
| Goodwill | 1,030.7 | 967.6 |
| Other intangibles, net | 978.0 | 997.4 |
| Equity investments | 38.7 | 54.0 |
| Deferred income tax asset | 186.8 | 203.3 |
| Operating lease assets | 152.2 | 114.8 |
| Other long-term assets | 18.6 | 18.2 |
| Other assets | 2,405.0 | 2,355.3 |
| Total assets | $6,230.5 | $6,321.3 |
| As of December 31 | ||
|---|---|---|
| (in millions) | 2023 | 2022 |
| Liabilities and shareholders' equity | ||
| Current liabilities | ||
| Short-term debt and current maturities of long-term debt | $454.7 | $89.0 |
| Accounts payable | 558.0 | 662.6 |
| Accrued expenses | 739.4 | 738.3 |
| Current liabilities | 1,752.1 | 1,489.9 |
| Long-term liabilities | ||
| Debt | 1,975.7 | 2,420.0 |
| Operating lease liabilities | 133.9 | 97.8 |
| Deferred income tax liability | 12.4 | 60.7 |
| Postretirement benefits | 52.5 | 49.5 |
| Other | 216.5 | 161.1 |
| Long-term liabilities | 2,391.0 | 2,789.1 |
| Shareholders' equity | ||
| Common stock; authorized: 200,000,000 shares, $0.75 par value; issued: 102,538,000 shares; outstanding: 68,227,000 and 71,365,000 shares | 76.9 | 76.9 |
| Additional paid-in capital | 392.0 | 391.3 |
| Retained earnings | 3,596.9 | 3,288.5 |
| Treasury stock, at cost: 34,311,000 and 31,173,000 shares | (1,952.7) | (1,684.9) |
| Accumulated other comprehensive income (loss), net of tax: | ||
| Foreign currency translation | (49.5) | (71.3) |
| Defined benefit plans: | ||
| Prior service credits | (7.4) | (4.1) |
| Net actuarial gains (losses) | 7.9 | 9.7 |
| Unrealized investment gains (losses) | 0.2 | 0.2 |
| Unrealized gains (losses) on derivatives | 23.1 | 36.0 |
| Accumulated other comprehensive income (loss), net of tax | (25.7) | (29.5) |
| Shareholders' equity | 2,087.4 | 2,042.3 |
| Total liabilities and shareholders' equity | $6,230.5 | $6,321.3 |
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